TRANSPORT FOR LONDON					

AUDIT COMMITTEE 

TUESDAY 25 NOVEMBER 2008 AT 10.00AM

BOARDROOM, 14th FLOOR, WINDSOR HOUSE, LONDON

AGENDA

Item
		Sponsor	
1.	Apologies for Absence and Declarations of Interest
	-	
2.	Minutes of the Meeting held on 11 June 2008
	-	
3.	Matters Arising and Actions List
	-	
	Risk Management
		
4.	Strategic Risk Management Progress Report
	John Burton	
	External Audit Matters
		
5.	Use of Resources 2007/08
	KPMG	
6.	Data Quality Review – 2007/08
	KPMG	
7.	Annual Audit and Inspection Letter 2008
	Ken Davis	
8.	Audit Commission Update
	Stephen Critchley	
9.	KPMG Report on Non-Audit Fees for Six Months Ended 30 September 2008
	KPMG	
10.	Transport Trading Limited Audit Plan – Year Ending 31 March 2009
	KPMG	
11.	KPMG -  Internal Audit/External Audit Protocol	KPMG
	
	Internal Audit Matters
		
12.	Report on Management Actions 
	Mary Hardy	
13.	Final Internal Audit Reports –  Quarter 1 and Quarter 2 2008/09
	Mary Hardy	
14.	Quarter 1 and Quarter 2 Productivity and Resources Report
	Mary Hardy	
15.	Review of Internal Audit:  Action Plan

	Mary Hardy
	
	Accounting and Governance
		
16.	Update on Critical Accounting Policies
	Stephen Critchley	
17.	Effectiveness Review of the External Auditors
	Stephen Critchley	
18.	Any Other Business
	-	

Following the meeting Members will be invited to attend Audit Committee Induction training.

A private meeting with the Director of Internal Audit will also be held. 

Date of next meeting:  Tuesday 3 March 2009 at 10.00am